1stdibs.Com, Inc. (NASDAQ:DIBS) Short Interest Update

1stdibs.Com, Inc. (NASDAQ:DIBS) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 503,200 shares, a drop of 6.8% from the July 31st total of 539,900 shares. Based on an average daily volume of 148,800 shares, the short-interest ratio is currently 3.4 days. Currently, 1.7% of the company’s shares are short sold.

Insider Activity at 1stdibs.Com

In other 1stdibs.Com news, insider Matthew Rubinger sold 5,421 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $4.92, for a total value of $26,671.32. Following the sale, the insider now owns 24,479 shares of the company’s stock, valued at $120,436.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 19.60% of the stock is owned by insiders.

Hedge Funds Weigh In On 1stdibs.Com

Several hedge funds have recently added to or reduced their stakes in DIBS. Harspring Capital Management LLC purchased a new position in 1stdibs.Com during the second quarter worth $1,080,000. Renaissance Technologies LLC increased its position in 1stdibs.Com by 74.6% during the 2nd quarter. Renaissance Technologies LLC now owns 536,000 shares of the company’s stock worth $2,407,000 after purchasing an additional 229,000 shares in the last quarter. Acadian Asset Management LLC increased its position in 1stdibs.Com by 99.6% during the 2nd quarter. Acadian Asset Management LLC now owns 260,626 shares of the company’s stock worth $1,167,000 after purchasing an additional 130,082 shares in the last quarter. Vanguard Group Inc. raised its stake in 1stdibs.Com by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 1,259,464 shares of the company’s stock valued at $7,506,000 after purchasing an additional 85,757 shares during the last quarter. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV purchased a new position in 1stdibs.Com in the 2nd quarter valued at about $354,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

1stdibs.Com Price Performance

Shares of NASDAQ:DIBS opened at $4.79 on Wednesday. The firm has a market capitalization of $188.61 million, a PE ratio of -10.89 and a beta of 0.97. The firm’s 50-day moving average is $4.47 and its two-hundred day moving average is $5.13. 1stdibs.Com has a 1 year low of $3.52 and a 1 year high of $6.30.

1stdibs.Com (NASDAQ:DIBS) last posted its earnings results on Tuesday, August 6th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The firm had revenue of $22.24 million for the quarter, compared to analysts’ expectations of $21.70 million. 1stdibs.Com had a negative return on equity of 10.93% and a negative net margin of 16.28%. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. Analysts expect that 1stdibs.Com will post -0.47 EPS for the current fiscal year.

1stdibs.Com Company Profile

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.